CHX - ChampionX Acquires RMSpumptools Expanding Global Presence in Offshore Production Technologies Markets | Benzinga
THE WOODLANDS, Texas, July 09, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation ("ChampionX" or the "Company") (NASDAQ:CHX), a global leader in oilfield technology, announced today it has completed the acquisition of RMSpumptools Limited, a designer and manufacturer of highly engineered mechanical and electrical solutions for complex artificial lift applications.
"By adding RMSpumptools technology to our Production & Automation Technologies ("PAT") portfolio, ChampionX advances its ability to deliver greater value to customers while creating growth opportunities in international markets such as the Middle East, Latin America, and global offshore projects," said Sivasankaran "Soma" Somasundaram, President and CEO of ChampionX. "RMSpumptools' comprehensive range of products and services complement and integrate seamlessly with the PAT business segment and our strong presence in North America provides opportunities to ...